In May, world rice prices recovered slightly with an average increase of 1.3%, but showing mixed trends depending on origins. In Thailand, prices rebounded by 3%, mainly due to the appreciation of the bath against the dollar. In India, prices also rose, but by only 1.5%, as a result of massive sales to Africa. On the other hand, prices remained stable in Vietnam, Pakistan and the United States. In Mercosur, prices were again down between 4% and 5% due to more abundant supplies compared to the previous season. Global demand remains strong, especially in Africa, stimulated by a surplus export supply, which will weigh on international prices through 2025. Despite a softening in Asian demand, world trade outlook indicates a further increase to 60.5 Mt, against 59.7 Mt in 2024. India returns strongly to the market and should reach a new historical sales record of 24 Mt, representing 40% of world rice trade. In May, the OSIRIZ/InfoArroz index (IPO) rose by 1.5 points to 196.9 points (base 100=January 2000), from 194.4 points in April. In mid-June, the IPO index was stable at 195 points.